By meeting the challenges of rapid technological change and the increasingly intense competition brought about by globalization, the Hong Kong economy has been moving up the value-added chain, shifting towards higher value-added services and more knowledge-based activities. At the same time, the economic and financial integration between Hong Kong and the Mainland has been going from strength to strength, creating abundant business opportunities for a wide range of services. These evolving developments have seen rapid expansion in Hong Kong’s services sector over the past years.